EANS-Adhoc: Jungfraubahn Holding AG / Jungfrau Railway Group with record result

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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18.04.2012

In 2011, the Jungfrau Railway Group achieved a record profit of 25.4
million francs, exceeding the previous year´s result by 12.3 per
cent. Comments on the result will be made at today´s financial
statement media conference in Bern.

With an operating revenue of 147.8 million francs, the Jungfrau
Railway Group recorded the highest revenue in its history. This
growth was reached mainly in the business with Asian guests. Some
765,000 people visited the Jungfraujoch-Top of Europe in 2011, thus
significantly exceeding the previous visitor record. The Jungfrau
Railway Group´s strategy of intensifying its global marketing
activities has clearly paid off.

In the winter-sport business segment, the Jungfrau Railway Group
recorded a revenue of 23.5 million francs, equivalent to a drop of
8.2 per cent in comparison to the previous year. The winter-sport
business suffered the effects of the weak Euro and in addition, a
period of warm weather set in in March 2011. Late snowfall meant that
the 2011/2012 winter season could first start on 17 December 2011.

The experience mountains segment, comprising excursion traffic to the
Harder Kulm, First and Winteregg-Mürren, was also adversely affected
by the exchange-rate situation. Nevertheless, the Jungfrau Railway
Group achieved a satisfying result in 2011. It was able to increase
the revenue of the experience mountains business segment by 4.7 per
cent to 8.7 million francs.

The Jungfrau Railway Group can look back on a year during which it
made above average investments. A total of 45 million francs was
invested in the modernisation of facilities and the expansion of
offers. The production plant of the Lütschental power station was
renewed. A 912 metre-long double-track rail section was put into
operation above Wengen. The company also invested in the winter-sport
segment with additional snowmaking facilities and took over the
Lauberhorn chairlift. On the Jungfraujoch, the Jungfrau Railway Group
constructed a 250-metre-long experience tunnel, which was opened on
30 March 2012.

Group result 2011 2010 Variation
TCHF TCH in per cent

Operating revenue 147,841 138,614 6.7
Traffic income 110,228 104,205 5.8
EBIT 30,989 28,980 6.9
Annual profit 25,433 22,648 12.3
Free cash flow 10,563 25,709 -58.9
Number of personnel 493 485 1.6
(full time)

2011 2010 Variation
CHF CHF in per cent

Dividend 1.80 1.60 12.5

The Annual General Meeting of the Jungfrau Railway Group will be held in
Interlaken on 14 May 2012. The Executive Board will submit two proposals, which
together will result in a dividend equivalent to 2.30 francs per share. It will
be proposed to raise the dividend to 1.80 francs, an increase of 20 centimes on
the previous year. It will also be proposed that shareholders receive an option
to the value of 0.50 francs per share. This is to be financed by the
withholding-tax-free reduction of share capital through reduction of the nominal
value. The precise conditions of the subscription-right programme will be
published after expiry of the statutory deadlines for the reduction of the share
capital; probably at the end of July 2012.

Paul von Allmen, member of the Jungfraubahn Holding AG Executive
Board, will not be standing for re-election at the coming Annual
General Meeting. The Wengen hotelier and long-term member of the Bern
Cantonal Parliament joined the Executive Board in 1981.

The Jungfraubahn Holding AG Executive Board will propose the election
of Nils Graf as the successor to Paul von Allmen. Nils Graf is 56
years old and owns a construction business in Wengen.

The Group profit & loss account, Group balance and business report
for 2011 are published under the link www.jungfrau.ch/reports.

Further inquiry note:
Urs Kessler, CEO
+4179 407 90 52

end of announcement euro adhoc
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issuer: Jungfraubahn Holding AG
Harderstrasse 14
CH-3800 Interlaken
phone: +41 (0)33 828 71 11
FAX: +41 (0)33 828 72 64
mail: jb@jungfraubahn.ch
WWW: www.jungfraubahn.ch
sector: Railway
ISIN: CH0017875789
indexes: SPI
stockmarkets: Domestic Standard: SIX Swiss Exchange
language: English